NYT reports that insurance companies are convinced that a hurricane is going to hit the Northeast. A Katrina level one. They’re systematically denying all new home insurance policies. Also, they’re canceling policies for long-standing clients. Well not exactly canceling, per se, nonrenewed. When the policy expires, people are getting letters informing their policy has been nonrenewed. Sounds so much nicer that way. People have been able to get insurance with other companies, both major and smaller, but the rates and deductibles are higher, even though the water and wind still has yet to be.
Fear Of Northeast Katrina Guts Region's Home Insurance Coverage
By consumerist.com October 18, 2007
- disastrous recovery How Flood Insurance Failed Superstorm Sandy Victims When Their Homes Actually Flooded
- how to not suck 15 Things You Need To Know About Life Insurance
- how to not suck 15 Things Everyone Needs To Know About Disability Insurance
- how to not suck 15 Things People Of All Ages Need To Know About Long-Term Care Insurance
- how to not suck 15 Things Everyone (Including Renters) Should Know About Homeowner’s Insurance